"Broad-based business momentum was sustained in the third quarter and our pipelines remain healthy into next year. A progressive normalisation of interest rates in the coming quarters will be beneficial to earnings," said Piyush Gupta, chief executive officer (CEO), DBS.
The CEO is expecting profit before allowances to be higher in 2022.
The latest set of results brings DBS's nine-month net profit to S$5.4 billion, up 46 per cent, with Q1, Q2 and Q3 FY2021 being the three highest in history.
The board has declared an interim dividend of S$0.33 per share, amounting to an estimated dividend payable of S$848 million and bringing the dividend for 9M FY2021 to S$0.84.
"Asset quality continues to be resilient and total allowances are likely to remain low. These positives will offset expected cost pressures as the economic recovery takes hold," said Gupta.
Have you sold your DBS and waiting to buy? Hence the bearishness?
ReplyDeleteSubmit Q to sell liao! See any gap up at 9 am?
Delete"Broad-based business momentum was sustained in the third quarter and our pipelines remain healthy into next year. A progressive normalisation of interest rates in the coming quarters will be beneficial to earnings," said Piyush Gupta, chief executive officer (CEO), DBS.
ReplyDeleteThe CEO is expecting profit before allowances to be higher in 2022.
The latest set of results brings DBS's nine-month net profit to S$5.4 billion, up 46 per cent, with Q1, Q2 and Q3 FY2021 being the three highest in history.
The board has declared an interim dividend of S$0.33 per share, amounting to an estimated dividend payable of S$848 million and bringing the dividend for 9M FY2021 to S$0.84.
"Asset quality continues to be resilient and total allowances are likely to remain low. These positives will offset expected cost pressures as the economic recovery takes hold," said Gupta.
Well, somebody is happy today!
ReplyDeleteToday's closing for DBS would be interesting. Wink.
Another black candle today. Whole week of darkness. Not interesting?
DeleteCW,
DeleteSince I'm not vested, I'll just stick my head out.
It looks like distribution to me...
Someone is using the higher prices to get out!